A Beverly, Mass., debt-settlement and relief firm has violated telemarketing regulations by engaging in abusive and deceptive acts, the federal consumer financial protection agency charged in a lawsuit filed Monday. According to the Consumer Financial […]
An automated model for underwriting and pricing applicants for unsecured, closed-end loans has earned a “no-action letter” (NAL) for a California-based firm that provides an online lending platform, the Consumer Financial Protection Bureau (CFPB) said […]
Five new members were added to the federal consumer financial protection agency’s management team Monday, including a new chief operating officer, the agency announced. In a release, the Consumer Financial Protection Bureau (CFPB) said it […]
A 3% reduction in calendar 2021 assessment rates in all fee schedules applied to national banks, federal savings associations, and federal branches and agencies of foreign banks was announced Tuesday by the Office of the Comptroller […]
Banks reported improved profitability in the third quarter of the year compared with the first half of the year, but their combined net interest margin fell to a record low, the federal insurer of banks […]
A proposal to reform regulations that implement anti-redlining laws by the Federal Reserve is aimed at providing a basis of a consistent approach for all three federal banking agencies, the point person on the central […]
The nomination of Christopher Waller to be a member of the Federal Reserve Board moved forward in the Senate late Monday, with a confirmation vote likely to come later in the week, according to press […]
Community banks could use asset data from the end of last year to determine applicability of various regulatory assets thresholds for the remainder of this year and all of next under an interim final rule […]
Credit unions, banks, and other entities questioning whether to comply with regulatory requirements can submit a request to the federal consumer financial protection agency to clear up any uncertainty, the agency said under a new […]
A total of 570 banks and savings associations throughout the country are scheduled for Community Reinvestment Act (CRA) evaluations over the first and second quarters of 2021, according to the schedules released Monday by the […]
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